Strong Demand Helps Buck Winter Trend

Strong Demand Helps Buck Winter Trend

Daily Real Estate News |
Friday, December 27, 2013

November’s median list prices nationwide remained “unusually strong for the season,” posting a 6.9 percent year-over-year increase, according to realtor.com’s National Housing Trend Report. Inventory of for-sale homes also stabilized in many markets after large drops at the beginning of the year, and homes were selling faster this November compared to last year.

“With demand in a much stronger position compared to last year, we anticipate these gains to remain steady into 2014, but with increases expected at a more moderate pace than we have seen in 2013,” says Errol Samuelson, president of realtor.com.